Finding a New Mortgage After a Precise Mortgages Rejection

Have you been turned down by Precise Mortgages and find yourself back at the drawing board? Read on for tips and guidance to get your financing application back on track.

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Finding a New Mortgage After a Precise Mortgages Rejection

Precise Mortgages offer more flexible policies than many high street banks. However, no mortgage lender can accept every applicant.

The key is to understand the lending policies and criteria to ensure you apply to a lender who is best suited to fit your borrowing needs.

If Precise Mortgages have turned you down, there are still many other deals available that might be more appropriate!

In this guide, Our finance brokers explains some of the typical reasons you might have been rejected by Precise Mortgages and how we can help find you the borrowing you need.

For further guidance from our whole-of-market expert team, give Revolution a call on 0330 304 3040, or drop us a message at

Why Have Precise Mortgages Turned Down My Application?

A lender can turn down a mortgage application for many reasons - here, we'll explain some of the most typical scenarios.

Property Valuation Issues

If Precise has a valuation that shows the property is worth less than you are paying, they may turn down the application.

That is because the lender would be at greater risk if their outstanding loan were higher than they could sell the property for in a repossession situation.

In this case, you could appeal the valuation, contest the valuation results, or find a lender with more flexibility around lending risk.

Employment Contract Queries

If you're in a probationary period at work, Precise may turn you down for a mortgage since their employment criteria are rigid.

Again, that doesn't mean you can't find a mortgage elsewhere! If you're not keen on waiting a few months until you are on a permanent contract, Revolution Brokers can find alternative lenders who are happy to lend during probationary employment.

Severe Bad Credit Problems

If the underwriter reports severe bad credit, Precise Mortgage may automatically reject you for mortgage borrowing.

That can be stressful if you have an agreement in principle but are then turned down during the more detailed full application assessment.

Precise Mortgages will not lend if you have:

  • A current debt management plan (DMP).
  • Defaults registered in the last two years.
  • Repossessions within the last six years.

Many specialist bad credit lenders can help, so give Revolution a call if Precise has turned you down on any of these grounds.

Property Risk Factors

The property itself is sometimes a deal-breaker. Anything considered non-standard can trigger a Precise Mortgages rejection, along with situations such as:

  • Being made of non-standard materials, such as concrete or timber.
  • Having Japanese Knotweed on or near the property.
  • Properties close to overhead power cables.

That rejection doesn't mean a property is unmortgageable!

Revolution Brokers works with several niche lenders who support buyers looking to finance a non-standard property purchase.

Age Restrictions

Like many mainstream lenders, Precise Mortgages do not specialise in retirement mortgages.

You might be turned down if you are retired, over 75, or nearing retirement age.

Again, many more flexible lenders offer specific retirement mortgages designed for retirees in various circumstances. We also negotiate mortgages with lenders who have no age limitations at all!

What Can I Do if Precise Mortgages Rejects My Application for Another Reason?

We've summarised a few common scenarios here, but Precise Mortgages may have turned you down for another reason.

The best solution is to call Revolution Brokers, and we'll assess why you have been turned down and how we can mitigate the lender's risk or match you with a more suitable lender.

Here are some tips around the best way to deal with a Precise Mortgages rejection:

  1. Don't Reapply Immediately!

It's vital to work out why the application has been turned down before making more that are likely to have the same outcome.

Multiple rejected applications can rack up credit checks on your report and make it more difficult to find an alternative lender, so take a pause and seek independent advice before making your next move.

  1. Ask for Further Information

You need to know why Precise Mortgages have turned you down, so you can identify the suitable lenders who won't have similar issues.

Ask for copies of all reports and surveys Precise holds on your file.

  1. Contact Revolution Brokers

Once you've got an idea about the reasons Precise won't lend to you, it's time to give Revolution Brokers a call.

As a whole-of-market, independent broker, we work with clients of all sizes and in all circumstances to find competitive lending. The team negotiates rates, terms and clauses on your behalf to make sure you're getting the best deal on the market.

Call us on 0330 304 3040, or email at, and we'll get to work!

Why Revolution Brokers?
  • Whole of market brokers

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  • On time customer support


How does our broker-matching service work?

Unfortunately, it's unlikely. Valuation fees tend to be non-refundable.

If you've paid Precise a valuation fee upfront and the application was rejected before the valuation process, give us a call as you may be entitled to apply for a refund.

Yes, Precise offers several self-employed mortgages. However, you do need to have at least a year of self-employment history to be eligible.

There are also other limitations, such as:

  • Rejection if you have made a loss in the previous twelve months.
  • Inability to apply based on your income from the last trading year.

Revolution can recommend more competitive products in these circumstances.

A refurb mortgage of this nature is designed to finance a property renovation before being let out to tenants.

The product combines a short-term bridging loan and a BTL mortgage as the exit strategy.

Landlords do have many refurbishment buy to let mortgages to choose from, so do get in touch if you would like this type of borrowing option. Revolution will advise on the most advantageous products currently available.

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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